The Brexit Thread

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JayM said:
Large multinationals with much of their earnings in other currencies. It's not ironic at all - it's 100% expected.
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Ah so that's why every other market is falling, because the NASDAQ and NYSE etc don't have large multinationals with earnings not in GBP ...

/s
 
Some give 1.07 then. But on reflection I was thinking of a colleague who had just got dollars when the pound dropped, and was in distress. He would have been getting the buying rate of course. My mistake!
 
Brexit deal: May admits she would have lost vote by large margin
Theresa May has formally postponed the vote on her Brexit deal, telling MPs it was clear that concern among MPs about the Irish backstop proposals would see it rejected “by a significant margin”.

The vote would thus be deferred and not proceed “at this time”, May told a packed and noisy Commons, giving no details as to when it might take place.

The prime minister said she would instead return to EU member states to seek assurances on the backstop, and ways to “empower” the Commons to give further assurances.
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:D what a dog show
 
NarrowBandFtw said:
Ah so that's why every other market is falling, because the NASDAQ and NYSE etc don't have large multinationals with earnings not in GBP ...

/s
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Because those indexes and underlying securities aren't priced in GBP. :rolleyes:
 
Apologies for coming late to the thread -- I have been sort of watching this from outside

What genuine real and truthful media source would you recommend for trying to gain an intelligent balanced insider idea of what is actually happening ?
The MSM is just full of K@K

Personally I am something of an -- Old Victorian Britain -- patriot
In the old days they basically fought the whole World -- and WON
Where is another Wellington / Slim / Hobart -- so many [PAST] great generals
Those perfidious Albions need to get a wake up and shake up their lazy arses
 
The new Tommy Robinson UKIP brand aren’t doing so well, just noticed their “Brexit Betrayal” march saw them outnumbered nearly 5:1 by a counter anti-Brexit march.

Thousands of people have taken to the streets in London to march in a UKIP-organised rally and a counter-protest march.

A UKIP spokesman said "quite a few thousand" supporters turned up to their "Brexit Betrayal" march alongside controversial activist Tommy Robinson.

Marching in opposition were anti-fascist groups and Labour-backed campaigners.

A spokeswoman said 15,000 turned up to oppose Mr Robinson's rally.

Laura Parker of Labour grassroots group Momentum claimed their counter-demonstration "vastly" outnumbered UKIP's "nearly five to one".

She said: "Even with the UKIP machine in tow, he [Robinson] only managed to bring a few thousand supporters out on the streets while we mobilised nearly 15,000 to march against his racism and bigotry."

At the scene
By Richard Galpin

Despite fears there could be clashes between the pro and anti-Brexiteers today, the marches which streamed through the streets of central London passed off peacefully.

Thousands of people took part on both sides of the divide, making their feelings known ahead of the key vote in parliament due to take place on Tuesday.

Those marching under the UKIP banner called for Theresa May's Brexit deal to be dumped.
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https://www.bbc.co.uk/news/uk-politics-46495595
 
I think I see Theresa May's plan.
1. Agree a deal so bad that not even the leavers will want it.
2. Make Boris Johnson look like a di*k
3. Get the EU to make more concessions on top of what Cameron managed

Now the choice is between no deal and staying. And she will let Parliament choose, because they thats what they want. And therefore it will become Parliament's responsibility.
 
MidnightWizard said:
BOTH links go to the same site ?
YOU must be a -- "re moaner" ................
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Yes, as you say both links go to the same site. It is unlikely to be deliberate, more likely to be an honest mistake: we all make them, don't we?
I guess from previous posts that Orbital Dawn is in fact what you describe as a 'remoaner', although I personally find that description a bit offensive. 'Pro EU' could be just as accurate, but without the partisan overtones, which no-one needs at this time. We need sensible discussion without childish name calling - on both sides.
The article makes some sensible posts, but some questionable assumptions. One of the assumptions is that people like myself, who voted to leave the EU, are motivated by dreams of glory, of Empire, of technological achievement, of a past long gone.
None of these apply to me, nor do they apply to anyone I know, although that is admittedly a small sample of the voting public. Some were motivated in part by a dislike of the 'luvvies' - the self styled metropolitan elite - who seem to think they know what is best for us, whilst coincidentally luxuriating in the fruits of their international elitism and their quangos, at the expense of the rest of us. When in Ireland just after the election/referendum I saw a letter in the Irish Sunday Times, which seems to be based on the London publication of a similar name, from someone who described herself as a member of the Metropolitan elite, bemoaning the result of the referendum. She seems to have as her main claim to fame having set up a web site called something like "lastminute.com" and sold it on for a fat profit. It is so useful a contribution to our society that despite being a somewhat frequent traveller I have never found on it a tempting offer. A questionable claim to elite status if ever there was one: I have no difficulty in accepting the Metropolitan part of the phrase. What breathtaking arrogance from a minimally distinguished business person! However this was not a motivating factor in my referendum vote, as I saw her letter some three days after the referendum.

Nor was my reason trade related. It was simply related to a disgust with the corruption riddling the EU, to a deep concern about the expansionist policies of the EU (some of the fruits of which we can now see in the Ukraine), and to a feeling that I had no meaningful democratic vote in EU decisions.

I felt we had little to lose financially, and a great deal to gain morally and even politically. The May talk of a 'deal' does not interest me: the EU may need a deal, but we do not. Any duties imposed by the EU will be well exceeded by duties we impose on EU trade, and added to by duties on non EU goods which presently swell EU coffers (we pay them over to the EU in return for a retained sum to pay for collection). The EU may well be in desperate need of a deal, but we are not. The Chinese are not within the EU and seem to be managing quite well on the trade front, thank you.

I see absolutely no need to make any exit payment at all to the EU. We have contributed to many physical EU assets over the years, and perhaps should be looking for a return on that 'investment' instead.

Rejection of the May agreed 'deal' (if in fact it has been agreed by the EU) is a chance to get on the right footing in the 'negotiations'. Mrs. May seems essentially reasonable, but in dealing with the EU we need some one hard nosed with UK interests in mind. We do seem short of political skills though. Corbyn has more than I dreamed of: I got him badly wrong! His skills are those of a political terrorist of the 'old school' communist style: packed meetings with inadequate notice, bullying of dissenters - the sort of thing that went on in Liverpool in the 60/70s.

I want to hear no more of unofficial polls: they are now surely totally discredited after failing to predict the referendum outcome, and the recent electoral shambles.

We have had the referendum: it was to leave, so just damned well get on with it!!! No deal.
 
zippy said:
I think I see Theresa May's plan.
1. Agree a deal so bad that not even the leavers will want it.
2. Make Boris Johnson look like a di*k
3. Get the EU to make more concessions on top of what Cameron managed
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  1. possibly
  2. no need, he does that all by himself
  3. never gonna happen unless they actually believe May favours hard brexit over a shyte deal, so never gonna happen
 
NarrowBandFtw said:
never gonna happen unless they actually believe May favours hard brexit over a shyte deal, so never gonna happen
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She is heading over there now. The alternative to the EU is a massive hole in their already fu***d budget.

This deal was more than the backstop. Its about the financial settlement which the UK doesnt have to pay if there is no deal
 
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